Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Inflation drops to decade’s lowest level
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Business > Inflation drops to decade’s lowest level
Business

Inflation drops to decade’s lowest level

Web Desk
By Web Desk Published April 2, 2015 3 Min Read
Share
SHARE

ISLAMABAD: Pakistan’s annual inflation eased to 2.5 per cent in March — the lowest level since September 2003 — from 3.2pc in the previous month, mainly driven by lower fuel and food prices.

The inflation measured through the Consumer Price Index (CPI) was 5.12pc on average during the first nine months (July-March) of this fiscal year, the lowest average since 2003, the Pakistan Bureau of Statistics said on Monday.

The downward pressure came mainly from decline in the cost of non-perishable food items (-0.07pc) and transport (-0.01pc).

However, the recent increase in oil prices after a period of six months may arrest further decline in transport prices this month, reversing the downward trend in the overall inflation.

Core inflation — which is measured by excluding volatile food and energy prices — slowed for the sixth consecutive month by 0.1pc to 5.9pc in March compared to 6.2pc in the previous month. Falling inflation has also encouraged the State Bank of Pakistan (SBP) to cut its key interest rate to a decade low.

A finance ministry official said that there was a risk of deflation, a vicious cycle of falling prices, demand, and growth and rising unemployment, which central banks normally find extremely difficult to reverse.

Average inflation measured through Sensitive Price Index (SPI) was 2.55pc in July-March 2014-15, while Wholesale Price Index (WPI) inflation was 0.36pc. Lower WPI inflation reflects less demand for domestic commodities, apparently because of low purchasing power.

As a result of low inflation, the government has drastically cut the export refinance rate and long-term financing facility to make exports competitive.

In March, annual food inflation rose to 0.5pc, while that of non-perishable food items and perishable items increased to 0.07pc and 0.12pc, respectively.

The food items whose price increased included onions (23.92pc), tomatoes (8.19pc), fresh fruits (5.97pc), fresh vegetables (4.26pc), chicken (1.92pc) and tomato ketchup (1.25pc).

On the other hand, year-on-year non-food inflation was 3.9pc in March. International oil prices dipped to their lowest level of around $47 a barrel during February, but surged to over $51 a barrel in March.

The non-food items whose prices rose included cotton clothes (0.77pc), and cleaning and laundry (0.53pc).

TAGGED:Pak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Lively Baldoni lawsuit

Justin Baldoni Faces New Harassment Claims Amid Blake Lively Lawsuit

Noah Lyles Tokyo World Championships 2025

Noah Lyles, Sydney McLaughlin-Levrone Lead US at 2025 Tokyo World Championships

Karachi Rain

Karachi Heavy Rain Causes Widespread Waterlogging and Disruption

Post Archives

More Popular from Photonews

ICC T20 World Cup 2026 Dates, Venues, and Format Revealed
Sports

ICC Men’s T20 World Cup 2026 Dates and Venues Announced

2 Min Read
Trump Hamas Final Warning Hostage Deal
Top NewsWorld

Trump Issues Final Warning to Hamas for Hostage Release Deal

3 Min Read
Pakistan SPI Inflation
Pakistan

Pakistan’s SPI Inflation Rises 5.07% as Food Prices Soar

2 Min Read
Top NewsWorld

US Officials Sue Trump Over Illegal National Guard Deployment

Washington, D.C., officials have filed a lawsuit against President Donald Trump. They say that his use…

September 5, 2025
Sports

Alcaraz and Sinner Set for US Open 2025 Final Showdown

Carlos Alcaraz, the Spanish second seed, beat Novak Djokovic 6-4, 7-6 (7/4), 6-2 in a swift…

September 6, 2025
Top NewsWorld

Kim Jong Un Pledges Support for Russia’s War at Beijing Summit

North Korean leader Kim Jong Un promised strong support for Russia’s war in Ukraine, calling it…

September 4, 2025
Balochistan

15 Killed, 72 Injured in Quetta BNP Rally Attack in Balochistan

Muhammad Hamza Shafqaat, a senior Balochistan official, confirmed that a Tuesday attack on a Balochistan National…

September 3, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?